DMC Box
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 19-05-2026 PDF all 36 filings
Turnover
€17.4m▲ 92.9%
2021 · €9.0m
EBIT margin
2.8%▲ 1.0pp
2021 · 1.8%
Net result
€3,540▼ 96.7%
2024 · €105,765
Working capital
€631,366▲ 0.6%
2024 · €627,826
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
-€40,923
2025
20182025
Net result
€3,540
▼ 96.7%
2025
middle half of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
€631,366
▲ 0.6%
2025
highest quarter of the sector
20182025
Total assets
€669,193
▼ 5.4%
2025
middle half of the sector
20182025
Debt
€37,827
▼ 52.3%
2025
20182025
Working capital
€631,366
▲ 0.6%
2025
highest quarter of the sector
20182025
Solvency
94.3%
▲ 5.6pp
2025
highest quarter of the sector
20182025
Current ratio
17.69
▲ 8.78
2025
highest quarter of the sector
20182025
Return on assets (ROA)
0.5%
▼ 14.4pp
2025
middle half of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0.9m-€0.01m▼ 98.4%€5.6m▲ 390×€9.0m▲ 59.2%€17.4m▲ 92.9%
Operating result-€0.1m-€0.07m€0.08m▲ 14.1%€0.2m▲ 101%€0.5m▲ 200%-€0.3m€0.1m-€0.04m
Net result-€0.006m-€0.05m€0.06mwithin the sector's middle half▲ 17.8%€0.1mwithin the sector's middle half▲ 108%€0.3mabove the sector's middle half▲ 192%-€0.4mbelow the sector's middle half€0.1mwithin the sector's middle half€0.004mwithin the sector's middle half▼ 96.7%
EBIT margin-15.4%-492.2%▲ 507.6pp1.4%▼ 490.8pp1.8%▲ 0.4pp2.8%▲ 1.0pp
Equity€0.4m-€0.5m▲ 11.1%€0.5mwithin the sector's middle half▲ 11.8%€0.7mwithin the sector's middle half▲ 21.9%€1.0mabove the sector's middle half▲ 52.4%€0.6mwithin the sector's middle half▼ 39.4%€0.6mwithin the sector's middle half▲ 4.4%€0.6mabove the sector's middle half▲ 0.6%
Total assets€0.5m-€1.3m▲ 161%€3.1mabove the sector's middle half▲ 140%€3.6mabove the sector's middle half▲ 16.2%€6.5mabove the sector's middle half▲ 80.1%€1.2mwithin the sector's middle half▼ 81.7%€0.7mwithin the sector's middle half▼ 40.8%€0.7mwithin the sector's middle half▼ 5.4%
Debt€0.07m-€0.8m▲ 12×€2.6m▲ 214%€3.0m▲ 15.1%€5.5m▲ 86.1%€0.6m▼ 89.3%€0.08m▼ 86.6%€0.04m▼ 52.3%
Working capital€0.2m--€0.2m-€0.3mbelow the sector's middle half▼ 29.8%-€0.07mbelow the sector's middle half▲ 78.9%€0.3mwithin the sector's middle half€0.6mabove the sector's middle half▲ 75.9%€0.6mabove the sector's middle half▲ 4.2%€0.6mabove the sector's middle half▲ 0.6%
Solvency86.1%-36.7%▼ 49.4pp17.1%within the sector's middle half▼ 19.6pp17.9%within the sector's middle half▲ 0.8pp15.2%below the sector's middle half▼ 2.8pp50.3%within the sector's middle half▲ 35.1pp88.8%above the sector's middle half▲ 38.5pp94.3%above the sector's middle half▲ 5.6pp
Current ratio3.70-0.71▼ 2.990.88below the sector's middle half▲ 0.170.98below the sector's middle half▲ 0.101.06within the sector's middle half▲ 0.082.02within the sector's middle half▲ 0.958.91above the sector's middle half▲ 6.9017.69above the sector's middle half▲ 8.78
Return on assets (ROA)-1.1%-3.7%▲ 4.8pp1.8%within the sector's middle half▼ 1.9pp3.2%within the sector's middle half▲ 1.4pp5.2%within the sector's middle half▲ 2.0pp-32.7%below the sector's middle half▼ 38.0pp15.0%above the sector's middle half▲ 47.7pp0.5%within the sector's middle half▼ 14.4pp
Staff (FTE)8.5-8.3▼ 2.4%16.6above the sector's middle half▲ 100%13.1within the sector's middle half▼ 21.1%13.1above the sector's middle half=14.6above the sector's middle half▲ 11.5%0below the sector's middle half▼ 100%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €40,923, after a profit of €122,600 in 2024.
Large changes and their cause
- 2024 Staff (FTE) -100% on 2023. The accounts now follow the abbreviated format, last year the full format.
- 2022 Turnover +93%, Net result +192% on 2021. The accounts now follow the abbreviated format, last year the full format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €669,193
Equity
€631,366 ▲ 0.6%
Debt
€37,827 ▼ 52.3%
Debt's share of the balance-sheet total falls from 11.2% to 5.7%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.06▼
2024 · 0.13
ROE
0.6%▼
2024 · 16.8%
Debt ≤ 1 year
€37,827▼
2024 · €79,324
Income taxes
-€35,255▼
2024 · €35,255
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2023 |
|---|---|---|
| Employees at the balance-sheet date | 11 | - |
| full-time | 9 | - |
| part-time | 2 | - |
| in full-time equivalents | 10 | - |
| Average over the year, in full-time equivalents | 13.1 | 14.6 |
| On a permanent contract | 11 | - |
| Joined | 2 | 1 |
| Left | 7 | 17 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5,324 | €47,307 | €0 | - | - |
| Depreciation and write-downs of the year | €124,185 | €130,903 | €129,552 | €0 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | €1.1m | - | €6.3m | €9.6m | - | - | - | - | - |
| Turnover70 | €0.9m | €0.01m | €5.6m | €9.0m | €17.4m | - | - | - | - |
| Other operating income74 | €0.2m | - | €0.7m | €0.6m | - | - | - | - | - |
| Non-recurring operating income76A | - | - | €0.01m | - | - | €0 | €0.001m | - | - |
| Operating charges60/66A | €1.3m | - | €6.2m | €9.4m | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €16.6m | - | - | - | - |
| Goods for resale, raw materials and consumables60 | €0.3m | - | €5.1m | €8.1m | - | - | - | - | - |
| Purchases600/8 | - | - | - | €8.2m | - | - | - | - | - |
| Change in stocks: decrease (increase)609 | - | - | -€2.0m | -€0.07m | - | - | - | - | - |
| Services and other goods61 | €0.3m | - | €0.2m | €0.4m | - | - | - | - | - |
| Remuneration, social security and pensions62 | €0.5m | - | €0.7m | €0.7m | €0.7m | €0.9m | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €0.03m | €0.01m | €0.02m | -€0.06m | -€0.002m | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | €0 | €0 | - | - |
| Other operating charges640/8 | €0.01m | - | €0.02m | €0.02m | €0.02m | €0.01m | €0.003m | €0.001m | ▼ 63.7% |
| Operating charges capitalised as restructuring costs649 | - | - | - | - | - | €0 | €0 | - | - |
| Non-recurring operating charges66A | - | - | - | €0.001m | - | €0.006m | €0.01m | €0.03m | ▲ 120% |
| Gross operating margin9900 | - | - | - | - | €1.4m | €0.7m | €0.1m | -€0.01m | - |
| Operating profit (loss)9901 | -€0.1m | €0.07m | €0.08m | €0.2m | €0.5m | -€0.3m | €0.1m | -€0.04m | - |
| Financial income75/76B | - | - | - | €438 | €0.003m | €0.005m | €0.02m | €0.01m | ▼ 45.9% |
| Recurring financial income75 | €46 | €144 | €0.002m | €438 | €0.003m | €0.005m | €0.02m | €0.01m | ▼ 45.9% |
| Other financial income752/9 | €46 | - | €0.002m | €438 | - | - | - | - | - |
| Non-recurring financial income76B | €0.1m | - | - | - | - | €0 | €0 | - | - |
| Financial charges65/66B | €0.001m | - | €0.002m | €0.002m | €0.03m | €0.07m | €0.003m | €0.003m | ▼ 22.9% |
| Recurring financial charges65 | €0.001m | €340 | €0.002m | €0.002m | €0.03m | €0.07m | €0.003m | €0.003m | ▼ 22.9% |
| Debt charges650 | - | - | €0.002m | €0.002m | - | - | - | - | - |
| Other financial charges652/9 | €0.001m | - | - | - | - | - | - | - | - |
| Non-recurring financial charges66B | - | - | - | - | - | €0 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | -€0.002m | €0.07m | €0.08m | €0.2m | €0.5m | -€0.4m | €0.1m | -€0.03m | - |
| Transfer from deferred taxes780 | - | - | - | - | - | €0 | €0 | - | - |
| Transfer to deferred taxes680 | - | - | - | - | - | €0 | €0 | - | - |
| Income taxes67/77 | €0.004m | €0.02m | €0.03m | €0.05m | €0.1m | €0.001m | €0.04m | -€0.04m | - |
| Taxes670/3 | €0.004m | - | €0.03m | €0.05m | - | - | - | - | - |
| Profit (loss) for the period9904 | -€0.006m | €0.05m | €0.06m | €0.1m | €0.3m | -€0.4m | €0.1m | €0.004m | ▼ 96.7% |
| Transfer from tax-exempt reserves789 | €0.06m | - | - | - | - | €0 | €0 | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | €0 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.06m | €0.05m | €0.06m | €0.1m | €0.3m | -€0.4m | €0.1m | €0.004m | ▼ 96.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.5m | €1.3m | €3.1m | €3.6m | €6.5m | €1.2m | €0.7m | €0.7m | ▼ 5.4% |
| Formation expenses20 | - | - | - | - | - | €0 | €0 | - | - |
| Fixed assets21/28 | €0.2m | €0.7m | €0.9m | €0.7m | €0.7m | €0.001m | €0 | - | - |
| Intangible fixed assets21 | - | - | - | - | - | €0 | €0 | - | - |
| Tangible fixed assets22/27 | €0.2m | €0.7m | €0.9m | €0.7m | €0.6m | €0 | €0 | - | - |
| Land and buildings22 | - | - | - | - | - | €0 | €0 | - | - |
| Plant, machinery and equipment23 | €0.02m | - | €0.08m | €0.06m | €0.03m | €0 | €0 | - | - |
| Furniture and vehicles24 | €0.2m | - | €0.03m | €0.02m | €0.05m | €0 | €0 | - | - |
| Leasing and similar rights25 | - | - | - | - | - | €0 | €0 | - | - |
| Other tangible fixed assets26 | €0.004m | - | €0.7m | €0.7m | €0.6m | €0 | €0 | - | - |
| Assets under construction and advance payments27 | - | - | - | - | - | €0 | €0 | - | - |
| Financial fixed assets28 | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0 | - | - |
| Other financial fixed assets284/8 | - | - | €0.001m | €0.001m | - | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | - | €0.001m | €0.001m | - | - | - | - | - |
| Current assets29/58 | €0.3m | €0.6m | €2.3m | €2.9m | €5.9m | €1.2m | €0.7m | €0.7m | ▼ 5.4% |
| Amounts receivable after more than one year29 | - | - | - | - | - | €0 | €0 | - | - |
| Trade receivables290 | - | - | - | - | - | €0 | €0 | - | - |
| Other amounts receivable291 | - | - | - | - | - | €0 | €0 | - | - |
| Stocks and contracts in progress3 | - | - | €2.0m | €2.0m | €4.4m | €0 | €0 | - | - |
| Stocks30/36 | - | - | €2.0m | €2.0m | €4.4m | €0 | €0 | - | - |
| Goods purchased for resale34 | - | - | €2.0m | €2.0m | - | - | - | - | - |
| Contracts in progress37 | - | - | - | - | - | €0 | €0 | - | - |
| Amounts receivable within one year40/41 | €0.2m | €0.3m | €0.3m | €0.6m | €0.9m | €0.8m | €0.01m | €0.001m | ▼ 91.0% |
| Trade receivables40 | €0.2m | - | €0.3m | €0.6m | €0.9m | €0.6m | €0 | - | - |
| Other amounts receivable41 | €0.02m | - | €0.01m | €0.02m | - | €0.1m | €0.01m | €0.001m | ▼ 91.0% |
| Current investments50/53 | - | - | - | - | - | €0 | €0 | - | - |
| Cash at bank and in hand54/58 | €0.08m | €0.3m | - | €0.2m | €0.5m | €0.4m | €0.7m | €0.7m | ▼ 4.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0 | €0.001m | €0.001m | ▼ 42.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.5m | €1.3m | €3.1m | €3.6m | €6.5m | €1.2m | €0.7m | €0.7m | ▼ 5.4% |
| Equity10/15 | €0.4m | €0.5m | €0.5m | €0.7m | €1.0m | €0.6m | €0.6m | €0.6m | ▲ 0.6% |
| Contributions10/11 | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Capital10 | €0.07m | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Issued capital100 | €0.07m | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Uncalled capital101 | - | - | - | - | - | €0 | €0 | - | - |
| Contributions outside capital11 | - | - | - | - | - | €0 | €0 | - | - |
| Share premium1100/10 | - | - | - | - | - | €0 | €0 | - | - |
| Other1109/19 | - | - | - | - | - | €0 | €0 | - | - |
| Revaluation surpluses12 | - | - | - | - | - | €0 | €0 | - | - |
| Reserves13 | €0.4m | €0.4m | €0.5m | €0.6m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Non-distributable reserves130/1 | - | - | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Legal reserve130 | €0.007m | - | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Reserves not available under the articles1311 | - | - | - | - | - | €0 | - | - | - |
| Own shares acquired1312 | - | - | - | - | - | €0 | - | - | - |
| Financial assistance1313 | - | - | - | - | - | €0 | - | - | - |
| Other1319 | - | - | - | - | - | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | - | - | €0 | - | - | - |
| Distributable reserves133 | €0.3m | - | €0.5m | €0.6m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Profit (loss) carried forward14 | €0.001m | €370 | €0.001m | €0.001m | €70 | -€0.4m | -€0.4m | -€0.4m | ▲ 1.0% |
| Investment grants15 | - | - | - | - | - | €0 | €0 | - | - |
| Advance to shareholders on the distribution of net assets19 | - | - | - | - | - | €0 | €0 | - | - |
| Provisions and deferred taxes16 | - | - | - | - | - | €0 | €0 | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | - | €0 | €0 | - | - |
| Pensions and similar obligations160 | - | - | - | - | - | €0 | €0 | - | - |
| Taxes161 | - | - | - | - | - | €0 | €0 | - | - |
| Major repairs and maintenance162 | - | - | - | - | - | €0 | €0 | - | - |
| Environmental obligations163 | - | - | - | - | - | €0 | €0 | - | - |
| Other liabilities and charges164/5 | - | - | - | - | - | €0 | €0 | - | - |
| Deferred taxes168 | - | - | - | - | - | €0 | €0 | - | - |
| Amounts payable17/49 | €0.07m | €0.8m | €2.6m | €3.0m | €5.5m | €0.6m | €0.08m | €0.04m | ▼ 52.3% |
| Amounts payable after more than one year17 | - | - | - | - | - | €0 | €0 | - | - |
| Financial debts170/4 | - | - | - | - | - | €0 | €0 | - | - |
| Trade debts175 | - | - | - | - | - | €0 | €0 | - | - |
| Advances received on contracts in progress176 | - | - | - | - | - | €0 | €0 | - | - |
| Other amounts payable178/9 | - | - | - | - | - | €0 | €0 | - | - |
| Amounts payable within one year42/48 | €0.07m | €0.8m | €2.6m | €3.0m | €5.5m | €0.6m | €0.08m | €0.04m | ▼ 52.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €0 | €0 | - | - |
| Financial debts43 | - | - | €0.2m | €0.08m | €2.0m | €0 | €0 | - | - |
| Credit institutions430/8 | - | - | €0.2m | €0.08m | - | €0 | €0 | - | - |
| Other loans439 | - | - | - | - | €2.0m | €0 | €0 | - | - |
| Trade debts44 | €0.03m | €0.8m | €1.4m | €0.5m | €0.4m | €0.5m | €0 | €0.04m | - |
| Suppliers440/4 | €0.03m | - | €1.4m | €0.5m | €0.4m | €0.5m | €0 | €0.04m | - |
| Bills of exchange payable441 | - | - | - | - | - | €0 | €0 | - | - |
| Advances received on contracts in progress46 | - | - | €0.001m | - | €0.03m | €0.001m | €0 | - | - |
| Taxes, remuneration and social security45 | €0.04m | - | €0.1m | €0.2m | €0.3m | €0.1m | €0 | - | - |
| Taxes450/3 | €0.02m | - | €0.07m | €0.1m | €0.2m | €0.05m | €0 | - | - |
| Remuneration and social security454/9 | €0.02m | - | €0.06m | €0.05m | €0.06m | €0.07m | €0 | - | - |
| Other amounts payable47/48 | - | - | €0.9m | €2.3m | €2.9m | €0 | €0.08m | - | - |
| Accrued charges and deferred income492/3 | - | - | €0.005m | €0.02m | - | €0.001m | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,726 | €47,728 | €56,242 | €116,810 | €341,458 | -€391,190 | €105,765 | €3,540 | ▼ 96.7% |
| + Depreciation and write-downs630 | €127,294 | €110,300 | €129,821 | €124,185 | €130,903 | €129,552 | €0 | - | - |
| Operating cash flow (approximation) | €121,568 | €158,028 | €186,063 | €240,995 | €472,361 | -€261,638 | €105,765 | €3,540 | ▼ 96.7% |
| Investment in fixed assets (approximation) | - | -€586,466 | -€262,987 | -€5,324 | -€47,307 | €520,173 | €500 | - | - |
| Change in cash | - | €225,709 | - | - | €294,783 | -€113,079 | €263,776 | -€27,596 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 14,766 companies had the same profile as DMC Box has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
96.2%
was still going
3.5%
stopped otherwise
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DMC Box itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for DMC Box. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 19-05-2026 | 2026-00118954 | |
| 31-12-2024 | abbreviated format | 15-05-2025 | 2025-00100003 | |
| 31-12-2023 | full format | 15-05-2025 | 2025-00099950 | |
| 31-12-2023 | abbreviated format | 12-06-2024 | 2024-00134375 | |
| 31-12-2022 | abbreviated format | 14-07-2023 | 2023-00251965 | |
| 31-12-2021 | full format | 21-06-2022 | 2022-20077536 | |
| 31-12-2020 | full format | 30-06-2021 | 2021-28600026 | |
| 31-12-2019 | full format | 30-06-2020 | 2020-24700326 | |
| 31-12-2018 | full format | 14-06-2019 | 2019-18500099 | |
| 31-12-2017 | full format | 27-06-2018 | 2018-25100550 |